#56: Thrive Agric - How the Agriculture platform evolved from crowdfunding to supporting smallholder farmers across Nigeria & Africa
Afrobility: Africa Tech and BusinessSeptember 30, 2022
56
01:49:12199.97 MB

#56: Thrive Agric - How the Agriculture platform evolved from crowdfunding to supporting smallholder farmers across Nigeria & Africa

Overview: Today, we’re going to talk about Thrive Agric, the Nigerian Agricultural technology company - we’ll explore Thrive Agric's story across 5 areas:

  1. First we'll start with some context about African agriculture
  2. Thrive Agric's launch & early history
  3. Product & monetization strategy
  4. Competitive positioning & potential exit options
  5. Overall outlook

This episode was recorded on September 25 2022


Companies discussed: Thrive Agric, Apollo Agriculture & FarmCrowdy

Business concepts discussed: Agricultural Technology (AgriTech or AgTech), smallholder farmers acquisition strategy, Agriculture financing, Crowdfunding, Agriculture value and supply chains & Debt financing

Conversation highlights:

  • (10:41) - Africa Agriculture context
  • (19:38) -  Nigeria Agriculture context 
  • (26:14) - Nigeria crowdfunding backgroun
  • (32:30) - Founders’ background and launch story
  • (46:48) - Fundraising
  • (55:47) - Product and monetization strategy,
  • (1:09:15) - Competition & options for exit
  • (1:19:20) - Bankole’s overall thoughts and outlook
  • (1:24:45) - Olumide’s overall thoughts and outlook
  • (1:32:25) - Recommendations and small wins


Olumide’s recommendations & small wins:


Bankole’s recommendations & small wins:

Recommendation: AI And The Limits Of Language, Lindy Hacker News &  Lying For Money
Small win: Strength workouts
Other content: Asake - Mr Money with the vibe, ThriveAgricPR - product overview, Leadway Insurance response on Twitter, SEC Nigeria rules on Crowdfunding,  Invest Like The Best - Jeff Jordan & Kevin Systrom on Lex Fridman


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